Political Forums

Political Forums (http://www.politicalchat.org/index.php)
-   Economy (http://www.politicalchat.org/forumdisplay.php?f=27)
-   -   Hogs from Bangkok? Say it ain't so, Harley Davidson! (http://www.politicalchat.org/showthread.php?t=12402)

bobabode 05-22-2018 04:19 PM

Hogs from Bangkok? Say it ain't so, Harley Davidson!
 
"In September 2017, House Speaker Paul Ryan traveled to a Harley-Davidson plant in Menomonee Falls, Wisconsin, to tout the Republican tax bill, which President Trump would sign later that year. “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America,” Ryan told workers and company leaders.

Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming.

Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $696 million.

It’s a pattern that’s played out over and over since the tax cuts passed — companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as it’s getting its tax cut, it’s outsourcing jobs and paying shareholders." VOX

https://www.rawstory.com/2018/05/har...rumps-tax-cut/

What a chickenshit move, HD.

Gotta wonder though, when will middle America wake the hell up and realize that the Republican idea of manna from heaven is some rich phuck pissing off a skyscraper onto their upturned faces?

No wonder the rest of the country thinks you're rubes, you keep returning crooks like Paul Ryan etc. to Washington.

bobabode 06-26-2018 08:42 AM

'Trump threatens Harley-Davidson with taxes ‘like never before’ and predicts its eventual collapse' WP

https://www.washingtonpost.com/news/...=.3603102455a9

Looks like Herr Twitler is turning on HD like a rabid ferret. :rolleyes:

barbara 06-26-2018 01:13 PM

Can Trump do that? Is it legal for a president to seek revenge on a private company by taxing them?

finnbow 06-26-2018 01:18 PM

Quote:

Originally Posted by barbara (Post 373138)
Can Trump do that? Is it legal for a president to seek revenge on a private company by taxing them?

No, but the limits of his power never stop him from tweeting some idiotic brainfart.

donquixote99 06-26-2018 01:20 PM

Not exactly--but he might find ways. For example, he could put an even bigger tarriff on something they import....

Oerets 06-26-2018 02:35 PM

It is apparent, he is capable of petty childish retribution retaliation, unthinkable unacceptable by a sane polite adult society.


All times are GMT -5. The time now is 08:29 PM.

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.